AstroPay Continues Global Expansion With Payment Institution License for Multicurrency Wallet in Brazil
30.1.2025 19:00:00 EET | Business Wire | Press release
AstroPay, a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s commitment to delivering secure, compliant, and user-friendly cross-border payment solutions.
AstroPay is poised to bring faster, simpler, and more innovative financial services for Brazil's local and international users and businesses, solidifying AstroPay’s position as the go-to platform for seamless, secure cross-border financial management. AstroPay’s “Pix for Foreigners” allows international visitors to make instant payments in Brazilian reais, giving small businesses—from beach vendors to market stalls—a frictionless way to transact without the excessive fees associated with credit cards. In addition, AstroPay’s global card also allows users to manage their money securely across borders, access highly competitive exchange rates, and spend freely without unnecessary complexity.
The company’s streamlined approach to cross-border payments delivers substantial savings for users. For example, AstroPay’s competitive fees enable travelers spending USD 2,000 on a trip to Brazil to save up to BRL 1,000 compared to conventional credit cards, with conversion rates as low as 1.5% and an IOF (financial transaction tax) of just 0.38%.
Marc Sacal, CEO of AstroPay, commented, “This expansion marks a pivotal milestone for AstroPay as we align our services with Brazil’s regulatory framework and deliver compliant, secure, and innovative financial solutions. By working closely with local and international regulators, we aim to empower individuals and businesses globally to take control of their finances. This isn’t just about payments—it’s about building a foundation of trust and efficiency to create meaningful opportunities for users in Brazil and beyond.”
AstroPay has also strengthened its local presence by expanding its team in Brazil and tailoring its services to meet the unique needs of Brazilians and the growing community of expats who are choosing Brazil as a destination. With this expansion, AstroPay reaffirms its mission to provide individuals and businesses with financial freedom, enabling everyone to spend, save, and send money without limits.
This expansion underscores AstroPay’s commitment to revolutionizing the way people and businesses interact with money in today’s interconnected world. Whether you’re a business tapping into Brazil’s vibrant economy or a user navigating multiple currencies, AstroPay is bridging the gap with speed, security, and reliability.
For more information about AstroPay’s solutions in Brazil and beyond, visit www.astropay.com.
About AstroPay
AstroPay is a global financial technology company revolutionizing how people manage their money in a borderless economy. Established in 2009, AstroPay empowers users with seamless, secure, and innovative payment solutions designed to transcend geographical and financial boundaries. Our mission is to unlock financial freedom by enabling individuals and businesses to save, send, and spend money without restrictions. AstroPay combines cutting-edge technology with a commitment to security and compliance, delivering a user-centric experience that simplifies global financial transactions. Whether you're shopping internationally, receiving payments as a global freelancer, or expanding your business into new markets, AstroPay provides the tools you need to thrive in today's interconnected world. At AstroPay, we are not just shaping the future of finance; we are making financial freedom a reality for everyone.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130937441/en/
Contacts
Media Contact:
Camille Stephens
CMAND for AstroPay
media@astropay.com
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